AUSTRALIAN WOOL MARKET.

Gisborne Times, Volume XXIX, Issue 3122, 19 January 1911, Page 2

AUSTRALIAN WOOL MARKET.

GEKATKIt DEMAND FROM JAPAN

••On the nho!’.'' says the "Sydney Mail,’’ on Dee. 2Xth, "‘.-.nines have kept on a very even keel i-i.cr.iit from the commencement of the season. There have been no important fluctuations. Throughout buyers wore indisposed to load up heavily with poorly grown, hurry wools and those have consequently heen reported as weak and irregular at everv sale that lias heen held. Good wools of all kinds, both in the fine, medium, and coarse classes, have_ consistently commanded keen competition, with the broad result that prices have again ruled high, and the year has from the growers' point of view proved a highly prosperous one. J-’or the satislactory condition of the market the Continental section of the trade must be thanked, for the buying on American account turned out, as it was expected ifAvould. to be disappointing, amounting to little more than nibbling, principally by a few dealers, who scent a revival in their branch of the industry. Yorkshire, although evidently wanting wool badly, has bought less than usual. Buyers from that quarter _appeal to have hold firmly to the idea that prices would recede with the progress of the sales, and their operations have consequently been carried out with extreme cautiousness. Apart from that the clip here this season is not particularly attractive to Fnglish buyers, who always give preference to robust combing wools, which are somewhat scarce in Sydney, owing to the partial droughts experienced in many parts of the State at rim beginning of the year. Our ciio this time consists mainly of wools best suited to the Continental trade, and the bulk of it is being taken liv German. French, and Belgian buyers. who have been in a position to outbid all rival-s.

A healthv expansion is noticeable in the Japanese demand, and buying for

that ouertor has accounted for rather mere wool than was purchased for the Far East during the first half <;t last season, and has been of considerable assistance to the market, ft is a noteworthy fact that tlie representatives of Yorkshire top-makers and spinners have bought more freely in the Victorian and South Australian markets than they have done in Sydney. From the former their purchases up to date amount to about Ibf'.COO -hales, and the reason given for the l.rg-r buving in the southern sell hi" centres is that the wool suited for the Yorkshire trade has all along been far cheaper there than in Sydney, where a g;eater number of buyers are operating, and competition is keener.”